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    Union Bank emphasises growth technology as it celebrates 100 years


    Union Bank of Nigeria commenced it's 100th anniversary on Tuesday in Nigeria and has promised to keep celebrating its stakeholders and keep a high leadership position in the market.

    The event was held at the bank's head office in Lagos and was graced with the presence of its key stakeholders including its chairman, Mr Cyril Odu, its managing director, Mr Emeka Emuwa and Mrs Nike Akande who is the Non-executive director.


    Emuwa, in his keynote remarks, said the lender would use lessons learnt and experiences gained in the last 100 years to lead into the future.
    According to him, innovation, growth, impact and leadership will drive the bank’s operations and activities in the years ahead.
    The Union Bank GMD said, “100 years is no easy feat for any institution and I am proud to be a part of this milestone achievement at Union Bank. While we will celebrate our past achievements, this milestone also signals the start of our legacy for the next 100 years.
    “This year will be about showcasing who we are as an organisation – a responsive corporate citizen to our communities and a champion for sustainability and social innovation.”
    Emuwa also unveiled the guiding theme for the bank’s 100th celebrations which is “Celebrate, Impact and Lead.”
    According to him, the bank will unveil activities under the theme during the course of the year.
    In his remarks, the bank’s chairman recalled days when Union Bank was known as Barclays Bank in Nigeria.
    Union Bank was established in 1917 as Colonial Bank and in 1922, Barclays Bank acquired it, changing the name to Barclays Bank DCO (Dominion, Colonial and Overseas) and through the years, the bank went on to become one of Nigeria’s leading financial institutions.
    Barclays Bank DCO was renamed Barclays Bank Nigeria Limited following the enactment of the Companies Act of 1968.
    In 1971, the bank was listed on the Nigerian Stock Exchange and the Federal Government acquired a stake, making it a wholly Nigerian –owned bank. In 1979, following a public offering, the bank was renamed Union Bank of Nigeria to reflect the new ownership structure.

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